"BUY RELIANCE FUTURE ABOVE 826 TGT 831/838"
"SELL BANKNIFTY FUTURE BELOW 24150 TGT 24094/24000 SL 24212 "
Market
ended the session on a positive note, but trimmed some of its post-policy
gains, while the Nifty managed to end above 9920-mark. The Reserve Bank of India
(RBI) on Wednesday kept interest rates unchanged. The six-member Monetary
Policy Committee (MPC) kept the repurchase rate—the rate at which the central
bank infuses liquidity in the banking system—unchanged at 6.00%.The Sensex closed up
174 points at 31671, while the Nifty future gained 76 points at 9944. All 15 economists surveyed
by Mint expected the MPC to keep the repo rate unchanged at 6%. Nifty future
opened at 9866 made a high of 9954 and low of 9860.
Nifty future still
continues to trade comfortably in the upward rising channel where it has been
trading over the past couple of months. There is no structural trigger that
points towards any major movement on either side. The 10025 and 10055
levels will play out as likely resistance on Tuesday. Supports should come in
at 9835 and 9775 levels.
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Resistance: 9995, 10025,
10055
Support: 9835,
9775, 9750
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